The creditors are reportedly trying to block an amendment Newmont is seeking for a large tranche of notes associated with its operations in Nevada.
Barrick Gold Corp. Mining News
John Thornton received a $9.74 million bonus on top of his $2.5 million salary, but used most of the after-tax proceeds of the bonus to buy 215,000 Barrick shares, according to a company's filing.
The deal also will be voted on by Newmont shareholders next Thursday. If approved, the deal is expected to close by June.
After promising to sweeten the pot with the largest dividend in 32 years, Newmont has won over two of its biggest investors to the merits of a $10B merger with Goldcorp.
Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri’s market-oriented policies.
A multibillion-dollar tax dispute between Barrick Gold Corp. and Tanzania's government could be resolved by May.
A look at eight majors and juniors exploring for gold worldwide.
The Nivre deposit contains 18.9 million indicated tonnes grading 1.09 grams gold per tonne for 665,000 ounces of gold.
Mega-mergers by Canada’s two largest gold companies, Barrick Gold Corp. and Goldcorp Inc., stand to erode its global influence.
Major shareholders have pushed for a Nevada JV, expressing concern a full combination of both companies could be too complex.
The companies are meeting on Tuesday in New York to discuss Newmont's proposal for the joint venture.
After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.
Barrick and Newmont have far more to gain from cooperating than bickering with each other.
"The current market is reminiscent of the late 90’s and early 2000’s."
The world’s two largest gold producers have spent this week making their cases to their biggest investors, most of whom own shares in both companies.
A deal doesn’t give Newmont shareholders anything they don’t already have.
The tough talk underscored deep personality and cultural differences between the world’s two biggest gold producers.
The man proposing to buy Newmont Mining Corp. in the world’s biggest gold takeover is the same person who was blamed for the deal falling apart five years ago.
"Mark has never run a global portfolio. In fact, I’d say none of his team have run a global portfolio like what we have in place."
Klein won’t have to share his fees with other large U.S. or European investment banks.
It’s tempting to wish Barrick and Newmont would just get a room and end the speculation.
Will officials in Tanzania and other countries push to nationalize their resources as the trend continues to gain traction around the world.
“Without the security of an extended mining lease, it would be difficult to justify further significant investments in the mine,” a statement by the Canadian miner reads.
Mark Bristow, known throughout the gold industry for his relentless focus on costs, is counting on his belt-tightening skills to take Barrick Gold Corp. to the next level.
“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”